Look at the 4 Hours piituce. The USD/CHF have broken the Moving Average Line of 5 \ 14\ 30 \60 days on MAY 18, and rised up tho highest price of 0.9544 . Then it began to pull back from the highest point.
And I'm so glad to find that the price now around the Moving Average of 60days.
I believe that the Moving Average Line of 60days will be a strong support for the price though the price has already broken the Rising Channel, because the price around 0.94 is the support of MA of 60 Days and the high point of May 5 and May 20.
So, the price of 0.94 are likely to be the end of this correction, the target of USD/CHF see to 0.95000 / 0.97000 and 0.98400 in the future.
And I'm so glad to find that the price now around the Moving Average of 60days.
I believe that the Moving Average Line of 60days will be a strong support for the price though the price has already broken the Rising Channel, because the price around 0.94 is the support of MA of 60 Days and the high point of May 5 and May 20.
So, the price of 0.94 are likely to be the end of this correction, the target of USD/CHF see to 0.95000 / 0.97000 and 0.98400 in the future.